Philosophical theories on the nature and origins of morality (that is, theories of meta-ethics) are broadly divided into two classes: Moral realism is the class of theories which hold that there are true moral statements that report objective moral facts.
As an S corporation, no corporate income tax would be levied. And when the income gets allocated to individual shareholders, they will probably pay a maximum rate of 40% to 44%. So that would mean around $400,000 to $440,000 in income taxes and then about $600,000 in leftover after tax profit.
Summary. 1  In C corp, the taxes are paid as separate entity. 2  An S corp has to file only a K-1 informational tax return. 3  The C Corp has manifold stock classes whereas the S Corp only has a limited class. 4  When regarding the flexibility, the C Corp is better and that is why large companies prefer it. 5  C Corp have a choice in ending their fiscal year.